$Grab Holdings(GRAB)$ What a fantastic momentum it has been. Stock trading at 52 week high levels. Hope the momentum continues to the price it was listed around 3 years back. Go grab go to double digit figures and gain back your lost glory! 6-10 good quarters and grab should be in double digit figures.
Public Holidays Nil Economic Calendar (17 Apr 2023) This was the update from the week ending 14 Apr 2023: The biggest good news is CPI dropped YoY from 6.0% previous month to 5.0% (much lesser than the 5.2% estimate) PPI came out to be -0.5% compared to 0.1%. This is the inflation that hits producers first (before being passed downstream to the consumers seen in CPI). This implies that there is a chance for some components of CPI to be lowered in the coming update. Crude Oil Inventories ended with an excess of 0.597M compared to an expected drawdown of 0.583M. This implies that the demand looks to be weaker than expected. Initial Jobless Claims came out higher (239K compared to the expected 232K). There is more unemployment than expected. Retail Sales came out to be more disappointing tha
The mean target given by big houses on the stock is around $10 for the next 12 months with a high of $13 And a Low of $8. People who bought on listing are at 40-50% loss on initial holding. any recovery is good but Grab at $6 looks cheap. Long term still a goodbuy.
Grab Stock Jumped More Than 9% after Hours
Grab stock jumped more than 9% in extended trading.